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Mortgage News for Thursday - January 15, 2004

More Mortgage News
• U.S. Mortgage Rates Decreased to 5.66 Percent
• Mortgage Player National City to restate past results
• Washington Mutual to shut East Bay loan-processing center
• Property Valuations Sees Big Increase
• Mortgage Player Countrywide becomes primary dealer with Fed
• Former Owner of Norfolk, Va., Hotel Recieves Jail Sentence for Mortgage Scam
• Council Agrees On Consensus for Affordable Housing Resolution
• Improve credit score before applying for a mortgage
• TCF Financial: interest rates negatively affect lending revenue
• Ohio Agency Investigates Actions of Defunct Westerville Mortgage Firm
• Prices of Manhattan Apartments Expected to Climb Upward This Year
• Why Housing Should Stay Robust
• Can we afford buy-to-rent?
• County housing sizzled in '03
• Lowest inflation in four years
• What's our best mortgage alternative?
• Should you go for a piggyback mortgage?
• Reasons for mortgage refinancing
• Tips to get out of debt
• More advice on avoiding mortgage-insurance fees
• San Diego Median $405,000 Highest Ever
• HomeBanc does $5.9 billion in mortgage loans in 2003
• US consumer debt hits record levels
• New home construction explodes
• Florida Civil Suit Can Go Ahead in Mortgage Fraud Case Despite Criminal Probe ( )
• Mortgage insurance player will take a $96M charge
• Anworth Mortgage Asset Corporation Posts Earnings of $0.36 Per Share for the Fourth Quarter of 2003
• Availent to Buy First Texas Residential Mortgage
Mortgage News
Anworth Mortgage Asset Corporation Posts Earnings of $0.36 Per Share for the Fourth Quarter of 2003 - 2004-01-15
For the quarter ended December 31, 2003, Anworth Mortgage Asset Corporation today declared an unaudited net income of $14,620,253, or $0.36 per share.

Mortgage assets held at December 31, 2003 were approximately $4.25 billion and were allocated as follows: 26.7% Agency ARMS, 63.1% Agency hybrid ARMS, 9.5% Agency fixed-rate MBS, and 0.7% Agency floating-rate CMO.
Read the full story at Business Wire
 
Availent to Buy First Texas Residential Mortgage - 2004-01-15
Availent Financial, Inc., a fast growing mortgage banking operation, has unveiled the acquisition of basically all of the assets of First Texas Residential, a Houston based mortgage brokerage operation.

The purchase price was substantially paid with a promissory note that matures on February 1, 2004 with one thirty day extension at the sole option of Availent. The Company anticipates that it will be successful in obtaining the required financing to timely pay the promissory note in full.
Read the full story at Business Wire
 






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